It’s true that for many, the prospect of downsizing can bring up unappealing thoughts of high-rise complexes with rowdy neighbours, not enough space, and having to let go of the family home – and a potential lifetime of memories.
But for others, downsizing may be a welcomed opportunity to save time on home maintenance that can then be spent on travel, hobbies, social pursuits or accessing required care.
The fact is there’s both pros and cons to downsizing that vary from buyer to buyer (and seller to seller!) – just see our post on Thinking outside the box. But if you’re weighing up the costs and potential benefits in South West Sydney, there may be areas better suited to the move.
For instance, take the growing marketplace of over 55’s communities developing in suburbs such as Camden, Campbelltown, Casual and Oran Park. These types of villages are typically developed in close proximity to transport and conveniences, in addition to having their own on-site, resident-only amenities.
However if selling up the family home for retirement living fails to immediately interest, there are alternatives; it may be more optimal to rent in the meantime. This is a great option for those looking to downsize at some point, but not sold on an area just yet – and potentially wanting to test out what different locations have to offer before settling.
In either instance, it’s a good idea to consider what actually makes a perfect suburb to downsize in. Our recommendation is to look out for suburbs that:
- Cater to leisure, such as sports clubs, community gardens, shopping complexes or other recreation
- Are ‘amenity rich’, and can provide medical facilities and hospitals in close reach
- Provide the ‘family factor’ – although not for everyone, it’s important for some that family can still live or stay nearby.
When it comes to downsizing, it’s vital to think about where and what is most important to you. Prudential Real Estate has an extensive network of active buyers, so if you’re at the stage of looking to sell, contact us today for a friendly obligation-free chat!
Prudential Real Estate Macquarie Fields | (02) 9605 5333 | macquariefields@prudential.com.au
Prudential Real Estate Narellan | (02) 4624 4400 | narellan@prudential.com.au
